Sealed Air Sees Unusually Large Options Volume (SEE)
Sealed Air Corp (NYSE:SEE) was the target of some unusual options trading on Wednesday. Traders purchased 1,919 call options on the company. This represents an increase of approximately 1,486% compared to the average daily volume of 121 call options.
In related news, insider Edward L. Doheny II bought 5,000 shares of the stock in a transaction dated Monday, August 13th. The stock was acquired at an average price of $39.65 per share, for a total transaction of $198,250.00. Following the completion of the purchase, the insider now owns 78,145 shares in the company, valued at $3,098,449.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jerry R. Whitaker bought 1,000 shares of the stock in a transaction dated Tuesday, August 14th. The stock was bought at an average price of $39.81 per share, with a total value of $39,810.00. Following the purchase, the director now owns 8,021 shares of the company’s stock, valued at approximately $319,316.01. The disclosure for this purchase can be found here. In the last quarter, insiders bought 6,600 shares of company stock valued at $262,654. Insiders own 0.63% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. State of Wisconsin Investment Board boosted its holdings in Sealed Air by 2.0% in the second quarter. State of Wisconsin Investment Board now owns 152,963 shares of the industrial products company’s stock valued at $6,493,000 after purchasing an additional 2,948 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Sealed Air by 146.1% in the second quarter. Riverhead Capital Management LLC now owns 30,125 shares of the industrial products company’s stock valued at $1,279,000 after purchasing an additional 17,884 shares during the last quarter. LPL Financial LLC boosted its holdings in Sealed Air by 71.8% in the first quarter. LPL Financial LLC now owns 10,508 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 4,391 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Sealed Air by 1.3% in the second quarter. Wells Fargo & Company MN now owns 6,432,847 shares of the industrial products company’s stock valued at $273,074,000 after purchasing an additional 85,011 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in Sealed Air by 11.2% in the second quarter. First Republic Investment Management Inc. now owns 52,646 shares of the industrial products company’s stock valued at $2,236,000 after purchasing an additional 5,300 shares during the last quarter. 96.18% of the stock is owned by hedge funds and other institutional investors.
Shares of SEE opened at $40.13 on Thursday. The stock has a market capitalization of $6.35 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. Sealed Air has a one year low of $38.49 and a one year high of $49.94. The company has a quick ratio of 0.69, a current ratio of 1.11 and a debt-to-equity ratio of -8.64.
Sealed Air (NYSE:SEE) last issued its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Sealed Air had a return on equity of 859.42% and a net margin of 14.37%. Sealed Air’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 earnings per share. research analysts anticipate that Sealed Air will post 2.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, September 6th. Sealed Air’s dividend payout ratio is currently 35.36%.
Sealed Air Company Profile
Sealed Air Corporation provides food safety and security, and product protection solutions worldwide. The company operates through Food Care and Product Care segments. The Food Care segment offers integrated system solutions that enhance the management of contamination risk during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes to processors, retailers, and food service operators under the Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, and Optidure brands.
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